The Middle Market Growth Program (MMGP), a joint venture between Antares and LStar Capital, announced it has closed a $186.5 million senior secured unitranche credit facility to support the acquisition of Crisis Prevention Institute (CPI) by FFL Partners.
Headquartered in Milwaukee, WI, CPI provides mission critical training in de-escalation of aggressive behaviors for “duty of care” providers at schools, hospitals, mental health clinics, long-term care facilities, juvenile detention centers, and other organizations. Since its founding in 1980, CPI’s curriculum has helped customers ensure effective management of crisis situations, resulting in reduction of risk, injuries, and compensation claims, while improving employee retention and morale.
“We appreciated the speed and certainty of the Antares and LStar MMGP offering,” said Rajat Duggal, Managing Director with FFL Partners. “They worked closely with us throughout the process and efficiently delivered the financing we required.”
“Our team was pleased that our unitranche product met FFL Partners’ needs, and we look forward to supporting them on future transactions,” said Mary Gaede, Managing Director with Antares Capital. “With a global customer base and a growing demand for crisis prevention and de-escalation training, CPI and FFL Partners have a great opportunity ahead of them.”
MMGP provides private equity sponsors and borrowers with access to first lien unitranche loans. MMGP does not require rating agency meetings or a syndication process so transactions can close in as few as three weeks. MMGP has the ability to provide up to $250 million in financing for a single transaction.